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11 Jan 2019 | 07:36

Sopheon says early indications point to earnings beat as sales surge

Management software provider Sopheon said it may post a higher-than-expected annual profit after its sales continued to surge in the final months of the year.

The company had said in October that its third-quarter performance had taken revenue visibility for 2018 above $30m.

'We are pleased to report continued commercial delivery in the final months of the year, evidenced by the recently-announced partnership with global confectioner The Hershey Company,' the company said.

'Accordingly, we expect that revenue for the year ended 31 December 2018 will be comfortably in line with the already-upgraded market expectations.'

Sopheon added that 'early indications' pointed to a 'stronger outperformance' at both the pre-tax profit and Ebitda levels.

Further information would be provided towards the end of January in a more detailed trading update, ahead of a results release on 21 March, the company said.

Story provided by StockMarketWire.com
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